Marginal default probability refers to the probability that a borrower will default over a specified multiyear period.
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Marginal default probability refers to the
probability that a borrower will default over a specified multiyear period. | ||
marginal increase in the default probability due to a change in credit premium. | ||
historic default rate experience of a bond or loan. | ||
expected maximum change in the loan rate due to a change in the credit premium. | ||
probability that a borrower will default in any given year. |
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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